Enterprise Management Incentives - Furlough
Further to my June update on The impact of furloughing on EMI options, HMRC have now announced that EMI option holders on furlough will NOT lose the EMI tax advantages as a consequences of not meeting the EMI working time requirement during furlough. This is excellent news for current EMI option holders and companies that have granted EMI options.
One proviso – this applies to EMI options granted prior to 19 March 2020.
Photo by Kai Pilger on Unsplash
If you need any assistance or further information, please contact Jeremy.
Jeremy Glover Partner - Tax and Incentives +44 (0) 20 7060 6404 jeremy.glover@jurit.com
Please note this paper is intended to provide general information and knowledge about legal developments and topics which may be of interest to readers. It is not a comprehensive analysis of law nor does it provide specific legal advice. Advice on the specific circumstances of a matter should be sought.
